Six months ended June 2022 compared with six months ended June 2021
Certain Non-GAAP measures included in this operating and financial review have been derived from amounts calculated in accordance with IFRS but are not themselves IFRS measures. They should not be viewed in isolation as alternatives to the equivalent IFRS measure, rather they should be read in conjunction with the equivalent IFRS measure. These and other operational metrics include constant currency, pro-forma (‘like-for-like’), headline operating profit, headline PBIT (Profit Before Interest and Taxation), headline PBT (Profit Before Taxation), billings and estimated net new business/billings, free cash flow, and adjusted net debt and average adjusted net debt, which we define, explain the use of and reconcile to the nearest IFRS measure for the Non-GAAP measures on pages 8 to 11.
…
